A South Korean company paid $2 million to Trump’s holding company as a nonrefundable development fee for an unannounced golf course project, while an affiliate of that group, Korea Aluminum, was contesting US trade penalties imposed since 2023. Senate Democrats, led by Elizabeth Warren, sent a letter on August 6 demanding explanations for this transaction, viewing it as a potential conflict of interest. Trump’s organization has denied any connection between the payment and the trade dispute, calling it a standard business deal.
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